FARMERS NATIONAL BANC CORP OH
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
FMNB$15.42-0.6%Stored close · as of Nov 6, 2026
Contents
Item 1. Consolidated Condensed Balance Sheets (Unaudited)
| (In Thousands of Dollars) | ||
|---|---|---|
| September 30,2024 | December 31,2023 | |
| ASSETS | ||
| Cash and due from banks | $21,149 | $28,896 |
| Federal funds sold and other | 167,987 | 74,762 |
| TOTAL CASH AND CASH EQUIVALENTS | 189,136 | 103,658 |
| Securities available for sale (Amortized cost $1,482,798 in 2024 and $1,516,841 in 2023) | 1,293,350 | 1,299,701 |
| Other investments | 33,617 | 35,311 |
| Loans held for sale, at fair value | 2,852 | 3,711 |
| Loans | 3,280,517 | 3,198,127 |
| Less allowance for credit losses | 36,186 | 34,440 |
| NET LOANS | 3,244,331 | 3,163,687 |
| Premises and equipment, net | 48,095 | 44,364 |
| Goodwill | 167,446 | 167,446 |
| Other intangibles, net | 20,894 | 22,842 |
| Bank owned life insurance | 100,976 | 99,482 |
| Affordable housing investments | 22,567 | 17,893 |
| Other assets | 113,239 | 120,255 |
| TOTAL ASSETS | $5,236,503 | $5,078,350 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Deposits: | ||
| Noninterest-bearing | $969,682 | $1,026,630 |
| Interest-bearing | 3,317,223 | 3,150,756 |
| Brokered time deposits | 74,932 | 0 |
| TOTAL DEPOSITS | 4,361,837 | 4,177,386 |
| Short-term borrowings | 285,000 | 355,000 |
| Long-term borrowings | 86,038 | 88,663 |
| Other liabilities | 63,950 | 52,886 |
| TOTAL LIABILITIES | 4,796,825 | 4,673,935 |
| Commitments and contingent liabilities | ||
| Stockholders' Equity: | ||
| Common Stock, no par value; 50,000,000 shares authorized; 39,321,709 shares issued in 2024 and 2023; 37,573,650 and 37,502,773 shares outstanding, respectively | 365,542 | 365,305 |
| Retained earnings | 249,171 | 236,757 |
| Accumulated other comprehensive (loss) | (150,951) | (172,554) |
| Treasury stock, at cost; 1,748,059 and 1,818,936 shares in 2024 and 2023, respectively | (24,084) | (25,093) |
| TOTAL STOCKHOLDERS' EQUITY | 439,678 | 404,415 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $5,236,503 | $5,078,350 |
CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited)
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